Bitfarms Mined 693 BTC in Q1, Sold 428 BTC

Cryptocurrency mining company Bitfarms released its Q1 2025 performance report, stating that the company produced 693 BTC in Q1, with an average direct production cost of $47,800 per BTC and a total cash production cost of $72,300 per BTC. In the first quarter, 428 bitcoins were sold. Bitfarms' total revenue for the first quarter was $67 million, a year-on-year increase of 33%, with a mining gross margin of 43%, down from 63% in Q1 2024.